Harwood Center Inc

Analysis

Harwood Center Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in July 1981, 45 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Harwood Center Inc reported income of $1.7m and spending of $2.2m, spending 127% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $2.0m to $1.7m (-12%), an average of -4.1% a year. The sharpest change came in the year to June 2022, when income rose by 77%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Harwood Center Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within TN. Charities of a similar size with the same main cause include National Commission for Health Education Credentialing Inc ($1.7m), Catholic Education Scholarship TR ($1.7m) and Providence Community Health Foundation ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 15% and program service revenue 81% of the total. Other salaries and wages came to $1.5m. At year end it held assets of $4.5m against liabilities of $773k, net assets of $3.7m. It reported 54 employees.